FX.co - GBP/USD update for November 09, 2021

2021-11-09T12:54:58

Relevance until2021-11-10

Technical analysis:

GBP/USD update for November 09, 2021 - Test of the rising support

GBP/USD has been trading downside n last few hours but the short-term trend is still upside and the price is testing rising support.

Trading recommendation:

Due to test of the support in the rising trend, I see potential for the bullish continuation.

Watch for buying opportunities on the pullbacks with the upside target at 1,3600

Key support level is set at 1,3548

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ GBP/USD update for November 09, 2021 - Test of the rising support